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- BRCC stock has been observing a consolidated momentum from the past few weeks
- BRCC is ready to see a positive crossover in the future. It is currently trading near $6.47
Black Rifle Coffee Company is a veteran-owned and operated coffee roaster based in Salt Lake City, Utah. Founded in 2012, the company has quickly become a popular choice among coffee enthusiasts In addition to its delicious coffee, Black Rifle Coffee Company has also gained a reputation for its commitment to supporting military veterans and first responders. The company has donated a portion of its profits to organizations that support these individuals, and has a strong following among military and first responder communities.The popular flavors of BRCC include Freedom Juice, Evil Eye, and Whiskey Barrel-Aged Coffee.It’s delicious coffee and commitment to supporting military veterans and first responders make it a standout choice in the coffee industry.
Black Rifle Coffee Company has a market cap of 352.67 Million. It may attain a high of $12 in upcoming months. It is still far away to attain its 52 week high of $34. Various analysts are expecting a strong growth in 2023.
Are Technical Indicators Favoring The BRCC Stock?
BRCC consolidated trend is currently coming to an end. It has been seeing a weak but positive uptrend from the past few days. On coming to the weekly technical chart the asset price is seeing a consolidated trend. The daily chart of the asset price is currently trading near the value of $6.4 with a gain of 5%. The upside trend of BRCC can see a halt near $8. Meanwhile the support of the asset price can see a bounceback near $5. BRCC stock price can see a positive crossover from the 50 DMA. This can see a push to a new high in the future.
Conclusion
BRCC may see strong gains in FY 2023.BRCC stock price is currently seeing a weak upside momentum and can soon see a new high in the future.
Technical Levels
Major Support:$4
Major Resistance: $8
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
